Bank of America Corp. said it would almost double its stake in China Construction Bank Corp., ending speculation that it would dump part of its three-year-old investment in China's No. 2 bank to blunt the effects of the global financial crisis.

The Charlotte company, which raised $10 billion last month to help fund its purchase of Merrill Lynch & Co. Inc., said Monday that it is raising its China Construction stake to 19.1%, or 44.7 billion shares.

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